Renawable Company is analyzing a special investment project. The project will require the purchase of two machines for $30,000 and $7.000 (both machines are required). The total residual value at the end of the project is $1,100. The project will generato cash inflows of $11,000 per year over a 8-year life. If the company requires a 8% return, what is the net prenent value (NPV) of this project? Present Value of $1 Period 4% 6% 8% 6 0.790 0.705 0630 8 0.731 0.627 0.540 10 0.676 0.568 0.463 12 0.625 0.497 0397 OA $26.811 OB. $2.000 OC $3.871 D. 526.217 Present Value of Annuity of $1 Periods 4% 6 5.242 8 6.733 10 8.111 12 9.385 6% 4.917 6.210 7.360 8.384 8% 4.623 5.747 6.710 7.536